USTR Finalizes Second Round of China TariffsWednesday, August 15, 2018
(North American Meat Institute)
Starting August 23, the U.S. will impose additional 25 percent tariffs on approximately $16 billion worth of Chinese imports, the Office of the U.S. Trade Representative (USTR) announced . The tariffs target Chinese imports containing industrially-significant technologies, including those related to the country’s “Made in China 2025” industrial policy. USTR amended the list , which now contains 279 of the originally proposed 284 tariff lines, following a comment period and two-day public hearing in July. The tariffs are in response to findings from an investigation into China’s industrial and intellectual property policies under Section 301 of the Trade Act of 1974. The U.S. on July 6 levied additional 25 percent tariffs on 818 Chinese imports worth about $34 billion in response to the same investigation.
A formal notice of the $16 billion tariff action will soon be published in the Federal Register. The notice will announce a process by which interested parties may request the exclusion of particular products covered by a tariff line subject to the additional duties.
The administration is also considering imposing 25 percent tariffs on a separate list of Chinese imports valued at approximately $200 billion. China, in turn, announced it would retaliate with tariffs ranging from five to 25 percent on $60 billion of U.S. imports, including a range of U.S. hides and skins products, to the country should the U.S. move ahead with levying tariffs on $200 billion worth of Chinese imports.share on facebook share on twitter